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Posted by
Two Blokes Jun 9 -
Filed in
Stock
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8 views
The market is getting very expensive. Even 'boring' stocks like Walmart are trading at 40x earnings or more. It's time to look for overseas gems that could yield incredible returns. Absa is one such opportunity. This Southern African bank is a scaled player in an uncompetitive market, sporting high net margins and ROE. Trading at only 6x earnings and paying a well backed 8.5%+ dividend, we think the route to double-digit total returns is likely for investors.
